Monday, June 23, 2014 2:05:49 PM
I don't know if I like that...I didn't know there was a meeting...rather they didn't talk up their stock right now...rather have Alibaba talking and all the up grades/reiterated targets from analysts. YHOO reports 2nd quarter earnings July 15th...
YHOO has now had 5 price targets/upgrades/reiterated since recent price drop...Targets $40-43; so the HYPE is still there...just a matter of time when the big boyz decide to start adding shares...
On June 17, Raymond James analyst Aaron Kessler reiterated an Outperform rating for Yahoo, but lowered his price target from $43 to $40. He reasoned, “Our lower target price for Yahoo reflects our lowered estimates for Alibaba as well as a lower ownership assumption.” Kessler has a +16.1% average return on all stocks and a 56% success rate in making recommendations. He has a +21.8% average return on Yahoo.
MKM analyst Rob Sanderson also maintained a BUY rating for Yahoo on June 17 with a $45 price target. He explained, “We think much of the Alibaba trade for Yahoo is “in the stock,” but think there is another leg into the roadshow and on the public market valuation of YHOO’s remaining stake. Any news on tax efficiencies (while seemingly unlikely for the IPO piece) are largely upside, and materially so.” Sanderson has a +9.3% average return on all stocks and a 50% success rate in making recommendations. He has a +15.1% average return on Yahoo.
Yahoo currently has an analyst consensus of MODERATE BUY.
...technically...***50 day average is just above 35...which is where you can expect to see increasing volume/accumulation...Makes 35 pivot...so an option play here works...33 has some support...
Risk here is about 5/8ths of a point to make 5 and 1/2 points...potential 20%+...looks like a decent deal setting up...Yahoo is a buy up to $36...wouldn't chase it above 36...
YHOO has now had 5 price targets/upgrades/reiterated since recent price drop...Targets $40-43; so the HYPE is still there...just a matter of time when the big boyz decide to start adding shares...
On June 17, Raymond James analyst Aaron Kessler reiterated an Outperform rating for Yahoo, but lowered his price target from $43 to $40. He reasoned, “Our lower target price for Yahoo reflects our lowered estimates for Alibaba as well as a lower ownership assumption.” Kessler has a +16.1% average return on all stocks and a 56% success rate in making recommendations. He has a +21.8% average return on Yahoo.
MKM analyst Rob Sanderson also maintained a BUY rating for Yahoo on June 17 with a $45 price target. He explained, “We think much of the Alibaba trade for Yahoo is “in the stock,” but think there is another leg into the roadshow and on the public market valuation of YHOO’s remaining stake. Any news on tax efficiencies (while seemingly unlikely for the IPO piece) are largely upside, and materially so.” Sanderson has a +9.3% average return on all stocks and a 50% success rate in making recommendations. He has a +15.1% average return on Yahoo.
Yahoo currently has an analyst consensus of MODERATE BUY.
...technically...***50 day average is just above 35...which is where you can expect to see increasing volume/accumulation...Makes 35 pivot...so an option play here works...33 has some support...
Risk here is about 5/8ths of a point to make 5 and 1/2 points...potential 20%+...looks like a decent deal setting up...Yahoo is a buy up to $36...wouldn't chase it above 36...
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